Vice President, Portfolio Management - Transition, BlackRock Global Markets (BGM)
About The Position
About Us BlackRock is a world-class provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors. BlackRock offers a range of solutions — from meticulous fundamental and quantitative active management approaches aimed at increasing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs. BlackRock’s Transition Management team helps institutional clients restructure their investment portfolios, acting as a bridge between their existing and desired allocations. A transition can be anything from a manager change to a full-scale plan merger. We deliver a modern approach to project management, portfolio risk management and trade execution to help clients reduce costs and minimize risk during periods of significant portfolio turnover. We deliver the best of BlackRock’s expertise in risk management, trading and technology directly to clients. Our team runs more than 200 transitions a year from offices in London, New York, San Francisco, Tokyo and Hong Kong with a focus on large multi-asset portfolio restructures. We have over 50 transition professionals globally and offer one of the industry's most comprehensive transition management platforms. Our clients include central banks, sovereign wealth funds, public pension plans, corporate retirement plans and other institutional investors. Role and Responsibilities We are looking for a portfolio manager to join our US transition management team. The Transition Portfolio Manager is one of two functions that co-own successful implementation of a client transition. Specifically, they are responsible for the investment risk inherent in each transition. From crafting the trade strategy, directly managing each portfolio's exposures and positions, and serving as the client's go-to resource for understanding current market liquidity conditions, active portfolio exposures, and how these factors tie into the transition outcome. You will partner closely with BlackRock’s equity, fixed income, and FX traders across all regions and develop expertise in these markets. We provide full service for clients, from account set up to trade execution and performance attribution. As such, this is an outstanding opportunity to gain exposure to every stage of the asset management business.
Requirements
- 5+ years of experience in the Financial Services industry, in portfolio management, trading, transition management, or a related function.
- A passion for and strong understanding of: capital markets, financial instruments, portfolio hedging and optimization, and multi asset allocation strategies.
- Deep knowledge of transaction cost and portfolio risk analytics.
- Excellent interpersonal skills and a track record of teamwork and collaboration including a willingness to develop talent within the team with a mentorship approach.
- Ability to multi-task, prioritize contending demands in a fast-paced environment and are driven.
- High energy, curiosity, problem solving mentality, and attention to detail.
- A strong propensity for technology and an entrepreneurial eye towards innovation in processes and workflows.
- Familiarity with a programming language such as Python, or willingness and desire to learn.
Responsibilities
- Manage portfolio construction and positioning during live transition assignments.
- Preparing orders and sending them to our Global Trading team, partnering with them to oversee execution and exposure management. This includes equities, fixed income, currency and futures/forwards.
- Develop efficient trading and hedging strategies, with detailed execution plans.
- Prepare and present pre-trade analysis reports that clearly explain the proposed strategy and detail the expected transaction costs and risk.
- Engage with clients throughout the course of a transition to communicate market conditions, transition progress, and portfolio performance.
- Stay abreast of and research the applicability of new sophisticated trading mechanisms, strategies, risk tools and liquidity sources to help evolve our product.
Benefits
- employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
- strong retirement plan
- tuition reimbursement
- comprehensive healthcare
- support for working parents
- Flexible Time Off (FTO)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
